Keppel says that this partnership will tap on its expertise in power, decarbonisation and energy transition solutions, and ENGIE’s global expertise in integrated low-carbon energy systems.
The aim is to accelerate innovation and deliver scalable solutions that support Asia Pacific’s investment and adoption of sustainable energy, including in hard-to-abate sectors, the company notes.
Under the MOU, Keppel and Engie will focus on key themes such as optimising energy systems and price risk management, and advancing low-carbon and renewable solutions; expanding renewable power purchase agreements, storage and flexibility capabilities, and developing integrated and efficient energy solutions; and fostering innovation, market development, and policy collaboration to accelerate the energy transition.
Shares in Keppel closed 5 cents higher or 0.508% up at $9.89 on Oct 29.
